Corvus Insurance has announced its entry into the financial institutions insurance market with the launch of a data-driven suite of offerings designed for the investment advisor market.
Smart Investment Advisor Insurance is a comprehensive, modular policy offering Directors & Officers, Errors & Omissions, Fund Liability, Employment Practices Liability and Fiduciary lines.
Additionally, Smart FI Excess, an excess follow-form policy, is available for a range of financial institutions and a variety of coverages.
This suite augments the existing legacy underwriting process with proprietary data and AI-enhanced and, after launch, Corvus will further develop its financial institutions suite by extending primary offerings to other segments within financial services.
“We are revolutionizing the underwriting process for financial institutions by using data science to power and inform our risk analytics framework,” said Jonathan Sherling, VP, Head of Financial Institutions at Corvus Insurance.
“Corvus is proud to pioneer the use of AI and data-driven technologies within the financial institutions market for this integral subset of the commercial insurance landscape.”
“Corvus has demonstrated they are leaders in innovative underwriting practices through their success in Cyber and other lines of business,” said Dawn H. Puro, Chief Underwriting Officer, Casualty of R&Q Accredited America.
“R&Q Accredited is pleased to partner with the team to extend the set of offerings to the financial institutions segment.
“With a growing pipeline of new partnerships, we are excited to deliver on our mission to be the program underwriter of choice for US MGAs, MGUs, program owners and their capital partners.”